Top 5 Consumer Finance Apps in Egypt Q1 2023

In Q1 2023, the top 5 consumer finance apps in Egypt showed varied performance in terms of weekly downloads and active users, according to Sensor Tower data.

NBE Mobile started the quarter strong with weekly downloads peaking at approximately 133.5K in the first week of January. However, downloads gradually declined to around 31.6K by early March, before recovering to 44.6K in the final week of the quarter. Weekly active users for NBE Mobile exhibited a steady increase, starting at 706K and reaching close to 910K by the end of March.

BM Online saw its weekly downloads fluctuate throughout the quarter. The app experienced a significant spike in mid-March, with downloads reaching 49.2K, followed by another peak of 45.6K at the end of the quarter. Weekly active users also increased, growing from 148.5K at the start of the quarter to over 204K by the end of March.

CIB Egypt Mobile Banking maintained a relatively stable download rate, with weekly downloads ranging between 6.5K and 10.1K. Weekly active users showed minor fluctuations but remained consistent, starting at 168.4K and ending at 154.9K by the end of March.

QNB Egypt Mobile Banking experienced a gradual increase in weekly downloads, with a notable peak of 11.5K in the final week of March. Active users also saw a positive trend, starting at 82.9K and increasing to 85.9K by the end of the quarter.

QNB bebasata, a newer entrant, quickly gained traction with significant growth in weekly downloads. The app saw a sharp rise from 1.9K in early February to 21.9K by the end of March.

These trends highlight the dynamic nature of the consumer finance app market in Egypt. For more detailed insights, visit Sensor Tower.